Standard Custody CEO: Ripple Bets Big On Utilizing XRP as Global Bridge

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Crypto investor Xaif Crypto highlighted a significant development regarding Ripple’s strategic direction for XRP, sharing a statement from Jack McDonald, the CEO of Standard Custody and Senior Vice President of Stablecoins at Ripple.

The post emphasized McDonald’s remarks that Ripple is placing a strong focus on stablecoins, while also underscoring the role of XRP as a global bridge asset. According to the tweet, Ripple sees this approach as the area where it can create the most substantial global impact.

McDonald on Stablecoins and Ripple’s Strategy

In the video captioned in the tweet, McDonald discussed Ripple’s growing involvement in the stablecoin market and the company’s reasoning for prioritizing this sector. He explained that Ripple has already been running pilots across various regions and described these initiatives as quite successful.

McDonald stated that Ripple firmly believes in a tokenized world where assets operate on-chain, but noted that the company’s resources are now being directed primarily toward stablecoins. He emphasized that Ripple views stablecoins as the key to unlocking future opportunities in digital finance and as the area where the company can make its greatest contribution.

McDonald also commented on the state of central bank digital currencies (CBDCs), particularly within the United States. He pointed out that U.S. legislation currently prevents the federal government from issuing a CBDC, which means that the growth of such digital currencies must be examined on a jurisdiction-by-jurisdiction basis.

While acknowledging the global trend toward CBDCs, McDonald clarified that Ripple has chosen to concentrate on stablecoins and has developed a playbook that guides its efforts in this direction.

The Role of XRP

During his remarks, McDonald also addressed the role of XRP in Ripple’s broader vision. He reaffirmed that Ripple intends to leverage XRP as a global bridge currency within its stablecoin framework.

According to McDonald, the integration of XRP as a bridge is central to the company’s long-term plan to facilitate international transactions and interoperability in a tokenized economy. The focus on XRP as a connector between stablecoins aligns with Ripple’s long-standing positioning of the digital asset as a tool for cross-border value transfer.

Ripple’s Approach

The comments shared by Xaif Crypto provide insight into Ripple’s current priorities. By committing its resources to stablecoins, Ripple is signaling a clear intention to strengthen its influence in global financial infrastructure. At the same time, the company continues to emphasize XRP’s role as a bridge asset, ensuring that the digital token remains central to its ecosystem.

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